MacNews wrote:Toppy Vann wrote:MacNews....lol... ONLY 10,000 of those jobs were full time. Unemployment isn't high by most standards - there are far worse problems than that which shows the Canadian economy is not faring too badly.
I know most jobs were P/T, but that is better than no job at all.
How come Canada always lags the US in worker productivity?
Well a PT time job is not a FT job and that is materially different than what you posted.
And here you go again...lol. You don't quite have all your facts right with that one. Overall, yes, multifactor productivity - a truer measure of productivity is behind the USA primarily due to the service sector.
You don't let facts get in the way of a solid position on the issues do you??!!! lol.
What you will find that in future studies things might be changing. The US economy is falling apart because a lot of it is about making money off money and that is collapsing and taking everything down with it.
Check this site out for the facts on productivity between Canada and the USA.
http://dsp-psd.tpsgc.gc.ca/Collection/S ... 6-XIE.html
"Our main findings are as follows.
First, the overall capital intensity is as high in Canada as in the
United States; but there are considerable differences in Canada’s capital intensity across asset
classes.
Canada has considerably less machinery and equipment, about the same amount of
buildings and considerably more engineering construction. Second,
most of the differences in
labour productivity between Canada and the United States are due to the differences in MFP.
Third, our industry results show that
the levels of labour productivity and MFP in the goods and
the engineering sectors are closer to those of the United States. But, the level of labour and
multifactor productivity in the services sector is much lower in Canada. The lower levels of
labour productivity and MFP in the Canadian services sector account for most of the overall
productivity level difference between the two countries."
Multifactor Productivity (MFP) -
"The relative labour productivity level measures the relative efficiency with which the two
economies transform labour into output. The relative MFP level compares the relative output
differences across two countries, not just to labour input differences but also to capital input
differences, and it thus provides a more ‘complete’ measure of overall efficiency. The relative
MFP level captures the difference in the overall efficiency of an economy that arises from the
use of superior production techniques, technology, firm organization, firm scale and labour
quality."
7. What are the industry origins of the lower levels of labour productivity and MFP in the
Canadian economy relative to the United States?
The lower level of labour productivity and MFP in the Canadian service sector accounted for
most of the labour productivity and MFP differences between Canada and the United States in
1999. This is a result of the service sector having the lowest relative levels of labour productivity
and MFP in Canada and having the largest share of output and hours worked in the total
economy.
Macnews: the last sentence tells you we don't have enough high paying jobs in the service sector compared to the USA. The solution: EDUCATE OUR YOUTH!!!! Invest in new technologies!!! Canada's leaders didn't pay what today's youth have to pay for their education and now they are cranking up the costs for those who follow. It is criminal unless you are rich. That is no way to build a nation by making education harder to get and cranking out grads who if they don't live with their mommies and daddies - are debt ridden for life. That helps no one. Invest in people and the jobs will follow.